State-run Coal India is considering cutting output at some mines, aligning it with a steep drop in demand from power generators amid a countrywide lockdown, according to people with knowledge of the development.
The Kolkata-based miner will focus on clearing inventories and reducing production at thermal coal mines that have high stockpiles, said the people, who asked not to be identified as the information isn’t public. The scale of any cutback hasn’t been finalised as the company is still trying to estimate demand for the fiscal year, the said. A spokesman didn’t respond to requests for comment.